UK-based IG Markets, the world-leading provider of contracts for difference (CFDs) and financial spread betting, makes its debut on Romanian market, through a partnership signed late last year with Tradeville, according to a press release.
“Through this partnership, we are addressing the demand on the Romanian market for such instruments in a transparent and fair manner under authorization and monitoring conditions by supervisory authorities from Romania and the UK. We aim for this service people with investment experience, who understand stock mechanisms, correlation between various macro indicators, effects of margin trading and earnings multiplier mechanism, but also losses,” Mihaela Ioana Biciu, General Director S.S.I.F. Tradeville, stated.
Thus, Romanian investors will have access to Tradeville authorized specialists who will help them to use technical and fundamental analysis tools powered by IG Markets. They will also have access to webinars, useful in using the platform and risk management. A major advantage brought by Tradeville to customers in Romania is that all requirements will be assisted promptly by Tradeville together with IG Markets’ helpdesk team allocated for this partnership.
Contracts for difference, or CFDs, are a type of financial derivative used in CFD trading. They act as an agreement between two parties to exchange the difference in price of an asset from when the CFD position is first opened to when it is closed. CFDs are traded on leverage, which means that all trades have magnified profits and losses.
IG Markets is part of IG Group and was founded in 1999. The group is now one of the UK’s top 200 firms and is listed on the London Stock Exchange and the FTSE 250.